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Blast

7 pieces · Nov 2023 to Jul 2024

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L1/L24 DeFi3 Ethereum2 ZK1 Regulation1

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22023

52024

Start here · the strongest pieces on Blast

Data19 Dec 2023Manta Pacific after Celestia DA: 99.98% lower DA fees, $96.7M bridgedData thread: Celestia DA cut Manta's DA fees by 99.98% versus Ethereum L1, and the New Paradigm bridge took $96.7M from about 8,400 depositors in four days versus Blast's over $800M. Estimates $25-50M of MANTA farming rewards. Includes referral invite codes.Thesis31 May 2024INIT Capital: Liquidity Hooks money market as a DeFi summer shovel playMakes the case for INIT Capital, a money market whose Liquidity Hooks act as permissionless plugins for leverage staking, looping and margin trading. Cites 25x TVL growth year to date and walks through point farming hooks on Blast and Mantle. Includes a referral link.Other23 Nov 2023Proof of Alpha #20: Blast critique, hybrid zk fraud proofs and CZ plea dealNewsletter edition. Calls Blast a multisig-controlled deposit contract with no real L2 bridge and almost USD 200m in it, argues for hybrid zk fraud proofs as a cheaper stopgap before full validity rollups, and recaps the Binance settlement with $1.3B withdrawn.

Timeline · every piece, newest first

2024 5

21 Jul 2024L1 vs L2 TVL takeaways: Base and Blast lead, Scroll overtakes Aptos and SuiAggregated TVL chart (excluding Solana >$5B and Arbitrum >$3B) shows Base ($1.8B, +12% MoM) and Blast (-33% MoM post-airdrop) in their own league. TON levels with Optimism at $780M and Scroll ($670M) passes Aptos, Sui and Mantle.DataL1/L213 likes

31 May 2024INIT Capital: Liquidity Hooks money market as a DeFi summer shovel playMakes the case for INIT Capital, a money market whose Liquidity Hooks act as permissionless plugins for leverage staking, looping and margin trading. Cites 25x TVL growth year to date and walks through point farming hooks on Blast and Mantle. Includes a referral link.ThesisDeFi32 likes

15 May 2024INIT Capital wrsETH looping hook: four point systems at up to 5x leverageArgues the airdrop narrative persists as anti-sybil rules tighten, and walks through INIT's wrsETH looping hook for up to 5x leveraged exposure while farming Kelp Miles, Blast Gold, EigenLayer and INIT points. Compares it to Pendle YTs, flagging the liquidation risk.Market takeDeFi16 likes

02 Apr 2024INIT Capital on Blast: Liquidity Hooks and points mechanicsExplains INIT Capital's Phase 2 on Blast: Liquidity Hooks let dApps tap its liquidity permissionlessly, and the Orbit Farming Hook lets ETH and USDB lenders stack Blast rewards and INIT points. Cites $61M TVL on Mantle and point rates per $100.BreakdownDeFi9 likes

25 Mar 2024Rollup landscape by DA and validation: optimistic, ZK, optimium and validiumClassifies live L2s by state validation and DA design: optimistic rollups, ZK rollups, optimiums (Manta, Metis, Mantle) and validiums (Immutable, Manta soon).MapL1/L2Ethereum31 likes

2023 2

19 Dec 2023Manta Pacific after Celestia DA: 99.98% lower DA fees, $96.7M bridgedData thread: Celestia DA cut Manta's DA fees by 99.98% versus Ethereum L1, and the New Paradigm bridge took $96.7M from about 8,400 depositors in four days versus Blast's over $800M. Estimates $25-50M of MANTA farming rewards. Includes referral invite codes.DataL1/L2Ethereum47 likes

23 Nov 2023Proof of Alpha #20: Blast critique, hybrid zk fraud proofs and CZ plea dealNewsletter edition. Calls Blast a multisig-controlled deposit contract with no real L2 bridge and almost USD 200m in it, argues for hybrid zk fraud proofs as a cheaper stopgap before full validity rollups, and recaps the Binance settlement with $1.3B withdrawn.OtherL1/L2ZKRegulation16 likes

Often covered with

INIT Capital5 Mantle18 Optimism61 Manta Network45 Metis14 Base28 Scroll26 Aptos39

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